And how does that change anything?
hi…
forex is one of the difficult and complex platform. there is need to make complete information and study. then you can be able to make forex trading.
Forex myths are just like “rumors” for more information follow other member’s replies.
Just buy my EA at youranidiot.com The Leading Gag Gifts Site on the Net and you will make millions by the end of the week.
Biggest myth of all time
Sad part is I tried putting the www. in front of that web address and its an actual web site lol
Looks like someone has booked that space and is putting that piece of virtual real estate address for sale.
youareanidiot.com Is For Sale!
Need a price instantly? Just give us a call.
Don’t want to wait for us to process the below form? You don’t have to.
We can give you the price over the phone, help you with the purchase process, and answer any questions.
Call Us Today!
877-536-4051 (Toll Free in the U.S.)
+1 339-222-5166 (Worldwide)
Red Hot Deals!
Save 10% through 7/31!
Discounts available only by calling:
877-536-4051 (Toll Free)
+1 339-222-5166 (Worldwide)
Deals do not appear on BuyDomains website, so call now!
Normal business hours are Monday — Sunday, 7AM-11PM US EST.
Talk about a coincidence!
I think that we’re getting off-topic.I just want to know that why the 60-70% positions are opened against the major trend.You may check the page from time to time for confirmation.
I think the underlying them of all markets is that Traders have difficulty handling uncertain outcomes.
Without the data to back me up, I must say that because 60 to 70% of retail traders do not trade with the major trend in mind.
Most are scalping 10 or 15 pips per bang. The rest are just following blindly, groping their way through it all.
A majority of them are also day traders, were their major trend is just what yesterdays candle did, or where the weekly highs and lows lay.
Not all are swing traders.
Major tier 1 banks hold position for about 3 minutes max. Trading off 10 second charts etc. Most wouldnt even know where the next Support and Resistance is beyond their 10 pip target.
There is more than one way to skin a cat.
Nikita most traders are trading the 5 minute charts so zoomed in the higher term trend is something so far away it is in another galaxy.
Had to edit I was agreeing with Nikita not correcting Nikita I got to get used to tyPing on an iPhone. Sorry. Nikita I ment to say Nikita I agree not sure what happened there
Yupp that does make sense.Majority of the traders blindly take positions even they aren’t aware of what the technical or fundamental analysis really is?That’s why only 5% of fx traders become successful.
Of course,experience is the best teacher.
The most common one is ‘forex is risky’.
Most retail traders are on the wrong side of the trend. The statistics that you get is purely based on retail traders, which excludes institutional investors and corporations. Retail traders get in the market late (i.e. on some indicators crossing etc.), while institutionals are already unwinding their positions at that time.
In addition, a lot of retailers are just plain uneducated and don’t really understand what they are doing, thus trying to counter the trend.
It could also depend on the currency pair. If you are flow trading, then being with or against the trend doesn’t really make a difference as you are just catching the moves between a support and a resistance.
forex is risky if you trade carelessly and without follow your rules. Do not be emotional in trading.
Some myths:
1.Your profit depends from opportunity and luck.
2.You need to have a special financial education for forex trading.
3.Most of traders don’t win
I think that there are many others myths, but they all come from people’s imagination and fantasy:59:
but if you have a 100% win rate surely a small account would have exploded in no time. But if you want to sell it you know what I dont care. I am not the dumb sucker going to buy it. Do what ever you want but read the forum rules before you come on here breaking them. But as I told a guy just yesterday. Welcome to babypips long list of banned members
Supermyth: Buy and Hold, it will go back to the opening price.
It often happens so that price returns. But all depends on the amount of your deposit:33:
Another supermyth.
This like any other activity is full of people who can teach fishes how to swim, at the end what matters is who can keep initial capital and who loses it all.